Executive Summary

January 2026 recorded 32 condominium sales across nine Halifax districts, with a median selling price of $440,000 and an average of $477,794. The market demonstrated uniform pricing pressure, with 96.9% of properties selling below asking price—an average discount of $25,365—while only one property achieved a premium above list price.

Days on market averaged 66 days with a median of 60 days, revealing significant geographic variation. Bedford properties transacted fastest at 25 days average, while Southdale-Manor Park listings required 170 days—a seven-fold difference highlighting district-specific demand dynamics.

Halifax South commanded the highest average pricing at $802,500, nearly double the market average, while Spryfield represented the most accessible segment at $330,500 average. District 5 (Fairmount, Clayton Park, Rockingham) captured the largest market share with 11 sales (34.4% of total volume), establishing it as Halifax's most active condominium district.

Pricing Performance Analysis

The near-universal trend of below-asking sales defines January's condominium market. With 31 of 32 properties settling below list price, buyer leverage dominated negotiations across all price segments and geographic areas.

District Market Share Analysis

Sales volume concentrated heavily in three districts, which collectively captured 65.6% of January's transactions. District 5 (Fairmount, Clayton Park, Rockingham) led with 11 sales, followed by Halifax Central with 6 sales and Halifax South with 4 sales.

District Performance Comparison

Geographic pricing disparities reveal a market stratified by location, with Halifax South commanding premiums nearly 2.5 times the entry-level districts. Days on market variation equally underscores location-driven demand intensity.

District	Sales	Avg Price	Avg DOM	Price/SqFt
District 2: Halifax South	4	$802,500	91 days	$629
District 17: Woodlawn, Portland Estates	2	$545,000	54 days	$309
District 1: Halifax Central	6	$487,333	50 days	$552
District 12: Southdale, Manor Park	2	$487,000	170 days	$544
District 20: Bedford	3	$432,000	25 days	$377
District 13: Crichton Park, Albro Lake	1	$410,000	53 days	$299
District 5: Fairmount, Clayton Park	11	$398,855	66 days	$310
District 15: Forest Hills	1	$337,000	57 days	$342
District 7: Spryfield	2	$330,500	38 days	$276

Highest Sales

The top five sales concentrated exclusively in Halifax South (District 2) and Woodlawn-Portland Estates (District 17), with all properties exceeding $591,500. Halifax South dominated with four of the five highest transactions, establishing its position as Halifax's premium condominium district.

Detailed District Analysis

Halifax South represents the city's luxury condominium segment, with all four sales ranging between $785,000 and $835,000. Despite commanding premium pricing, every property sold below asking with an average discount of $56,150—the steepest in absolute dollar terms across all districts. Extended marketing periods averaged 91 days, suggesting luxury buyers exercise deliberate evaluation and aggressive negotiation.

Sub-District Performance

Sub-District 2-A: All 4 sales occurred in this sub-district, establishing South Park Street, Granville Street, and Summer Street as Halifax's premier condominium addresses. Two properties on Summer Street both sold for identical $785,000, though one required 28 days while the other took 100 days—illustrating that even within identical price points, individual property attributes drive velocity.

Halifax Central delivered consistent mid-market performance with properties ranging from $410,000 to $560,000. All six sales settled below asking with an average discount of $18,933, while averaging 50 days on market—notably faster than the citywide 66-day average.

Street-Level Performance

Street	Sales	Avg Price	Price Range	Avg DOM
Roberts Street	2	$550,000	$540K – $560K	78 days
Nora Bernard Street	2	$443,500	$410K – $477K	36 days

Roberts Street properties commanded 24% higher pricing than Nora Bernard Street but required more than double the days on market (78 vs 36), demonstrating that pricing precision matters more than absolute price point in determining velocity.

District 5 captured more than one-third of January's sales volume, establishing it as Halifax's highest-activity condominium market. Properties ranged from $285,000 to $471,000, with all 11 sales closing below asking at an average discount of $19,882.

Sub-District Breakdown

Sub-District	Sales	Avg Price	Price Range	Avg DOM
5-A	1	$460,000	—	68 days
5-C	3	$396,667	$310K – $471K	71 days
5-E	5	$421,500	$365K – $455K	49 days
5-F	2	$314,950	$285K – $345K	103 days

Sub-District 5-E demonstrated the strongest performance with 5 sales averaging just 49 days on market—26% faster than the district average. Conversely, Sub-District 5-F properties averaged 103 days despite offering the lowest pricing, suggesting location quality trumps affordability in determining absorption velocity.

Street-Level Performance

Street	Sales	Avg Price	Price Range	Avg DOM
Regency Park Drive	4	$435,625	$423K – $455K	46 days
Kearney Lake Road	2	$314,950	$285K – $345K	103 days

Regency Park Drive dominated district activity with 4 sales (36% of district volume) transacting in an exceptionally tight price band ($423K-$455K) and averaging just 46 days on market. The district's highest sale at $471,000 on Parkland Drive closed in only 6 days, demonstrating that properties priced at or below market expectations achieve rapid absorption even at premium levels.

Bedford recorded January's fastest absorption velocity at just 25 days average—62% faster than the citywide average. Notably, Bedford generated the market's only above-asking sale: a property listed at $339,900 sold for $350,000 (+$10,100) after just 7 days, proving aggressive below-market pricing can trigger competitive bidding even in a buyer's market.

Sub-District Performance

Sub-District	Sales	Avg Price	Price Range	Avg DOM
20-A	2	$355,000	$350K – $360K	9 days
20-B	1	$586,000	—	56 days

Sub-District 20-A demonstrated exceptional velocity with 2 sales averaging just 9 days on market in the $350K-$360K range. The single 20-B sale at $586,000 required 56 days—still respectable but illustrating that Bedford's speed advantage concentrates in the sub-$400K segment where demand intensity peaks.

Southdale-Manor Park recorded January's longest absorption cycle at 170 days average—nearly seven times Bedford's velocity. Both sales occurred in Sub-District 12-D, with prices of $395,000 and $579,000. Despite the wide price range, both properties required extended marketing, suggesting district-specific demand challenges independent of pricing strategy.

The slower sale (Kings Wharf at $395,000) spent 272 days on market before closing—the longest DOM in January's entire dataset—while selling $55,000 below its $450,000 asking price. This property's trajectory exemplifies the compounding challenge of extended market exposure: initial overpricing leads to stale listing perception, requiring steep discounts that may have been avoided with accurate initial positioning.

Additional Districts: Single and Limited Activity

District 7: Spryfield

2 sales | $330,500 avg | 38 days DOM

Spryfield represented Halifax's most affordable condominium option with sales at $292,000 and $369,000 in Sub-District 7-A. Both properties sold below asking (avg discount: $18,950) but transacted relatively quickly at 38 days average, suggesting demand exists at entry-level price points despite the district's peripheral location.

District 17: Woodlawn, Portland Estates, Nantucket

2 sales | $545,000 avg | 54 days DOM

Two sales split between Sub-District 17-C ($591,500, 100 days) and Sub-District 17-E ($498,500, 8 days). The 17-E property's 8-day absorption demonstrates that demand exists at this price tier when properties are accurately positioned, while the 17-C sale's 100-day cycle illustrates the velocity cost of above-$590K pricing even in desirable areas.

District 13: Crichton Park, Albro Lake

1 sale | $410,000 | 53 days DOM

Single sale in Sub-District 13-A at Garden Court Terrace, selling for $410,000 after 53 days. Listed at $425,000, it sold $15,000 below asking (3.5% discount), tracking the market-wide trend of buyer-favorable negotiations.

District 15: Forest Hills

1 sale | $337,000 | 57 days DOM

One transaction in Sub-District 15-C at Forest Hills Parkway. The 985-square-foot unit sold for $337,000 after 57 days, settling $12,900 below its $349,900 asking price at $342 per square foot.

Strategic Takeaways

For Sellers

Geography determines velocity more than price. Bedford properties transacted in 25 days average while Southdale-Manor Park required 170 days—location quality and buyer perception of area desirability drive absorption speed independent of absolute pricing.

The $25,365 average discount is structural, not negotiable. With 96.9% of properties selling below asking, this represents the baseline market adjustment. Sellers listing at aspirational prices will ultimately arrive at this discount after extended carrying costs and stale listing perception compound the financial impact.

Premium districts demand premium pricing discipline. Halifax South's $56,150 average discount demonstrates that luxury buyers exercise the most aggressive negotiating leverage. Properties above $800,000 face particularly acute resistance—consider the 169-day DOM for the $835,000 South Park Street sale versus 28 days for the $785,000 Summer Street property.

Sub-district positioning matters critically. Within District 5, Sub-District 5-E achieved 49-day average DOM while 5-F required 103 days despite lower pricing. Location micro-targeting—specific sub-districts, buildings, and streets—determines outcomes as much as headline price strategy.

For Buyers

Negotiating leverage is universal. The 96.9% below-asking rate applies across all districts and price segments—from $285,000 Spryfield condos to $835,000 Halifax South luxury units. Average 5% discounts should form your baseline negotiating position, with greater reductions justified for properties showing extended DOM.

Bedford offers the fastest path to ownership. With 25-day average absorption and properties in the $350K-$360K sweet spot transacting in under 10 days, buyers seeking immediate occupancy should prioritize District 20. Competition remains present for well-priced inventory even in a buyer's market.

Extended DOM signals motivated sellers. Properties exceeding 100 days on market—particularly the Southdale-Manor Park listings and certain District 5 properties—represent prime negotiating opportunities. The 272-day Kings Wharf property that eventually sold $55,000 below asking exemplifies seller capitulation after prolonged exposure.

Value exists in Districts 5 and 7. With 11 sales in District 5 averaging $398,855 and Spryfield properties averaging $330,500, buyers seeking entry points or investment properties should focus inventory searches here. Price per square foot advantages ($310 and $276 respectively) outweigh peripheral locations for cost-conscious buyers.